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601 North Ashley Drive, Tam...

TLR Group Acquires Office Building In Tampa For $20.06M
SOLDOffice

TLR Group Acquires Office Building In Tampa For $20.06M

601 North Ashley Drive, Tampa, FL, USA

$20,060,000

$327/SF

Building Size

61,260 SF

Asset Type

Office

Closing

Apr 21, 2021

AI

601 North Ashley Drive in Tampa has been sold for a total of $20,060,000. This office property spans across 61,260 square feet and was sold at a price of $327 per square foot. The transaction took place on April 22, 2021.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $20,060,000
  • Square Footage: 61,260
  • Price per Square Foot: $327

The buyer of 601 North Ashley Drive is TLR Group represented by Rudy Nassri. On the other hand, Ashley-601 Inc. was the seller of this office property.

Players

TG
TLR GroupBuyer

Tampa Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93